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FintechNews RoundupUSA
·May. 10, 2018

Mike Novogratz Partners with Bloomberg on Crypto Index

Former Goldman Sachs trader and bitcoin enthusiast Mike Novogratz has teamed up with Bloomberg to launch the Bloomberg Galaxy Crypto...
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News RoundupOnline LendingUSA
·Nov. 15, 2016

Millenium Trust Company Hires New Executive to Lead Alternative Solutions Group

Millenium Trust Company has hired Tom Daley to lead the Alternative Solutions Group; Millenium Trust is a leading provider of custody solutions in the marketplace lending industry; Mr. Daley will be focused on adviser and registered investment adviser business development, seeking to expand the firm's alternative assets under custody from fund managers and financial advisers.  Source

 

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FintechNews RoundupUSA
·May. 20, 2019

Millennial Delinquency Rising, Fintech Earnings and Regulatory News

In this week’s PeerIQ Industry Update they cover the troubling data of millennial delinquency rising significantly higher than older borrowers;...
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News RoundupOnline LendingUSA
·Apr. 10, 2017

Millennial Focused Consumer Lending & Lifetime Customer Retention

Understanding the millennial customer is a key for most lenders in the market today and Stephen Dash of Credible explains how his firm handles this challenge during his fireside chat at LendIt USA 2017 with Dakin Campbell of Bloomberg; identifying who the millennial is and how they consume information will help you to tailor your products to this group; 25% of consumers today fall into the millennial category and Credible believes a strong, focused product set will help them to service this generation efficiently; before looking to sell other types of services you must first build a relationship with them, trust can be eroded in an instant; ensuring a compelling value proposition is the key and fully understanding what the customer needs will help you to hold that customer over the lifetime; ultimately customers are co-owned and you can help to make sure your relationship lasts by showing a loyal and durable product set.  Source

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FintechNews RoundupUSA
·Mar. 13, 2019

Millennials Hating Big Banks is a Myth

There is a prevailing thought in the fintech market that millennials hate big banks and are open to giving their...
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FintechNews RoundupUSA
·May. 15, 2019

Millennials Increasingly Late on Credit Card Payments

Bloomberg reports that the charge-off rate among card issuers in Q1 2019 increased to the highest level in almost seven...
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News RoundupOnline LendingUSA
·Aug. 31, 2017

Millennials Taking More Personal Loans

Online lending appears to be driving increased personal loan borrowing from millennials; data from TransUnion says 4.33% of millennials obtained a personal loan in 2015 and online lenders accounted for approximately 30% of the personal loan market last year; TransUnion also reports that millennials are more conservative about credit card debt with two fewer cards on average than the previous generation. Source

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FintechNews RoundupUSA
·Jan. 24, 2018

Millennials Turn Out to be More Savvy with Money

A new survey by Bank of America found that 63 percent of millennials are saving money, that is on par with generation X and baby boomers; the survey shows that millennials are a lot more in tune with their financial lives then they are given credit for; the survey also found that millennials are more apt to ask for a raise and they also play into stereotypes by saying they spend too much and don’t save enough when asked by researchers. Source.

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FintechNews RoundupUSA
·May. 21, 2020

Millions of Credit Card and Auto Loans on Financial Hardship Plans

According to recent data from TransUnion lenders reported that almost 15 million credit cards were in financial hardship programs; this...
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FintechNews RoundupUSA
·Jan. 28, 2019

Mixed Credit Card Earnings and Securitization News

In this week’s PeerIQ Industry Update they cover the recent news that CEOs of the six largest banks will testify...
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